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China starts construction of first timber reserves


China’s first lumber reserves base, invested by China Forestry Group Corporation (CFGC), has started construction by Suifen River on the border between China and Russia.

The project will occupy 335,000 sq m of land and will include a timber processing centre, spot trading centre, logistics centre and distribution centre. Total investment on the project is RMB2bn.

China consumes nearly 500m cu m of timber each year, 50% of which are imports. In order to solve the supply shortage, China will choose nine ports including Tianjin, Zhangjiagang, Taicang, Zhangzhou and Shenzhen to deploy an import timber trading network.

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